LAS VEGAS, NV / ACCESSWIRE / November 17, 2016 / Gold and Silver Mining of Nevada, Inc. ("CJTF") ("the Company"), (PINK SHEETS: CJTF) a junior mining company in Nevada, has prepared the following release regarding gold bearing pay dirt assays conducted this year.
(Fig 1. Production Samples 5 10 & 15 Depth)
(Fig 2. Three 1 ton samples at 16 sites)
Company concentrate assays have confirmed the following:
- Initial 40 bucket sample analysis produced 0.50 ounces of gold out of the 40 buckets (approximately 1 ton of near surface ore material).
- 7 bucket samples near surface top 2 feet ore ran across a small gravity table produced a concentrate that averaged 0.326 ounces of gold per ton.
- 24 bucket samples near surface top 3 feet ran across a small gravity table produced concentrate that averaged 0.356 ounces of gold per ton.
- 48 large bulk samples (2,500 pounds each) from 16 sites at 5 foot 10 foot and 15 foot depths run across a large gravity table and other equipment produced a concentrate with an average grade of 0.352 ounces of gold per ton.
With 119 samples confirming the gold content, the company now has permits and bonds and has commenced production efforts. In that permitting process, one of the fact sheets from the State of Nevada also confirmed this area contains gold bearing pay dirt.
"Geology, Hydrology, and Topography: Overlying the Wyman is the Reed Dolomite, a gray coarsely crystalline dolomite, which is overlain by an alluvial layer (gold-bearing pay dirt) that ranges in thickness from 10 feet to greater than 100 feet."
This State fact sheet is referring to the fine free gold material that exists above the bedrock. In other words, the company is only mining the near surface gold-bearing pay dirt above bedrock which in the area we have selected to start production at is only 10 to 15 feet deep.
About Gold & Silver Mining of Nevada, Inc.:
The company is in the business of precious metals mining and processing of massive gold and silver ore bodies in Nevada. The gold and silver located in the company owned mining claims in these districts are located adjacent to other known and established mining operators. The company is not looking for ore, but is in the process of developing previously identified ore bodies.
Safe Harbor Statement
This release includes "forward-looking statements" within the meaning of Section 27A of the Securities Act of 1933, as amended, and Section 21E and/or 27E of the Securities Exchange Act of 1934 that are based upon assumptions that in the future may prove not to have been accurate and are subject to significant risks and uncertainties, including statements as to the future performance of the company and the risks and uncertainties detailed from time to time in reports filed by the company with the Securities and Exchange Commission. Statements contained in this release that are not historical facts may be deemed to be forward-looking statements. Investors are cautioned that forward-looking statements are inherently uncertain. Although the company believes that the expectations reflected in its forward-looking statements are reasonable, it can give no assurance that such expectations or any of its forward-looking statements will prove to be correct. Factors that could cause results to differ include, but are not limited to, the company's ability to raise necessary financing, retention of key personnel, timely delivery of inventory from the company's suppliers, timely product development, product acceptance, and the impact of competitive services and products, in addition to general economic risks and uncertainties.
For more information please contact:
Investor Relations at 801-679-3945
Visit the company web site at www.GoldandSilverMining.com
SOURCE: Gold and Silver Mining of Nevada, Inc.